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4. Mahjong, Inc. has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$43,000 -$43,000 1 23,000 7,000 2

4. Mahjong, Inc. has identified the following two mutually exclusive projects:

Year Cash Flow (A) Cash Flow (B)
0 -$43,000 -$43,000
1 23,000 7,000
2 17,900 13,800
3 12,400 24,000
4 9,400 26,000
NPV ??? ???

If you require a return of 11 percent, what is the NPV of each project?

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